Twelve Seas Investment Company II (NASDAQ:TWLV – Get Free Report) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 1,100 shares, a growth of 37.5% from the March 15th total of 800 shares. Based on an average trading volume of 5,200 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.
Twelve Seas Investment Company II Price Performance
Shares of NASDAQ:TWLV opened at $10.75 on Monday. Twelve Seas Investment Company II has a 52 week low of $10.02 and a 52 week high of $11.85. The company’s 50 day moving average is $10.76 and its two-hundred day moving average is $10.68.
Hedge Funds Weigh In On Twelve Seas Investment Company II
A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE purchased a new stake in Twelve Seas Investment Company II during the first quarter worth approximately $6,546,000. Verition Fund Management LLC purchased a new position in shares of Twelve Seas Investment Company II during the fourth quarter worth about $3,528,000. Cubist Systematic Strategies LLC increased its position in shares of Twelve Seas Investment Company II by 127.9% during the second quarter. Cubist Systematic Strategies LLC now owns 516,521 shares of the company’s stock worth $5,046,000 after purchasing an additional 289,868 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Twelve Seas Investment Company II in the 4th quarter valued at about $2,262,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Twelve Seas Investment Company II in the 4th quarter valued at about $1,008,000. Institutional investors and hedge funds own 7.89% of the company’s stock.
Twelve Seas Investment Company II Company Profile
Twelve Seas Investment Company II does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Twelve Seas Investment Company II was incorporated in 2020 and is based in New York, New York.
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